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- Elon Musk is at it again; the Tesla boss releases a series of tweets that roil the crypto market
- Bitcoin dives over 6% to reach a session low of $36,200
Bitcoin Dips Over 6%
The price of Bitcoin slipped over 5% on Friday after Tesla Chief Executive Elon Musk released another cryptic tweet that had the community speculate over its meaning. The Tesla boss, staying true to his mode of operation when commenting crypto matters on Twitter, posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup.
Elon Musk’s power to influence the markets was once again spotted. Minutes after he released the tweet, the price of Bitcoin began to fall as crypto circles started speculating whether the billionaire entrepreneur is breaking up with Bitcoin. The price of the digital asset on Friday now hovers around $36,300, down about 6% from its opening level at $39,200.
Tesla Boss Tweets That Roil The Crypto Market
After he released the tweet, Elon Musk posted a series of follow up tweets, including a breakup comic strip and a reply with a single word “Nice” to an illustration of Dogecoin posted by Coinbase, a cryptocurrency exchange.
His social-media posts have had a significant impact on the fragile and frothy valuation of cryptocurrencies. In particular for Bitcoin and Dogecoin. Bitcoin’s wild price swings this year have been at least partially influenced by his Twitter posts. In fact, his initial involvement in the crypto space was viewed as a positive sign that could speed up the mainstream adoption of Bitcoin. However, Elon Musk’s tweets have made a lot of crypto investors unhappy now that prices are falling.
Elon Musk’s large personal following is now divided in a tussle. Some believe he is a major promoter of cryptocurrencies, while others say Bitcoin’s price decline is a result of his criticism over the digital asset.
Bitcoin and alternative cryptocurrencies are still struggling to recover from the recent crash that wiped off over $500bn. In mid-May, crypto land went through a major meltdown on news of renewed regulatory scrutiny in China.
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Spare8, a micro-investment platform has raised $7,70,000 in its Pre-seed funding round from 2am VC, a US-based early-stage venture capital firm.
Other angel investors including Jaydeep Deshpande (head of marketing, Google Cloud), Yagnesh Sanghrajka (founder and CFO, 100xVC), Ajay Adjseshan (founder, Paymate), Anoop Mathur (founder, Core Media), and Sachin Seth (CEO, BSE EBIX Insurance).
The startup plans to scale quickly to build a lean yet qualitatively strong team, using the funds to strengthen marketing and development initiatives.
The Mumbai-based Spare8 was founded in 2021 by Ronit Harisingani and Shardul Saiya, It is a micro investment platform for the users to make a daily investing habit and get rewarded for the same.
“Since Spare8’s inception, we have aimed at creating a platform for users to micro-invest and save their wealth in a rewarding manner. Through our app, you can invest your spare change with each online transaction and auto-invest a fixed amount every day. Currently, our app has recorded more than 30,000 downloads. We are glad that our vision struck a chord with so many users and we are constantly working on adding more value to their lives,” said, Ronit Harisingani, co-founder, Spare8.
It has a majority customer base from Tier II cities such as Jaipur, Indore, Patna and Lucknow, and now plans to target a wider demographic that has less access to capital and less time on hand.
The startup aims to cater to all those who want to create an innate savings habit.
“We firmly believe Spare8’s growth has been purely organic, driven by their cutting-edge technology integration and innovative approach. We see a great possibility for this company as it helps users create an effortless investing habit. We are confident that Spare8 will continue registering unprecedented growth and make the best of the recently raised capital,” said, Hershel Mehta, co-founder, 2am VC.
Spare8 is on a mission to simplify the way people invest, spend, see and save money. They’re building a new kind of micro investment platform, one that lives on smartphone and built for the way customer live today.
They help users invest their spare change from everyday transactions to the nearest Rs.10, be it any mode of digital payment (Debit Card, Credit Card, UPI, E-wallet, Net banking).
They then invest the spare change into a Digital Gold. This helps one unintentionally invest every time spend or splurge and help them become financially independent.

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Brazilian natural arabica beans led a drop in coffee prices to a nine-month low as benign weather for the South American country’s harvest, and an easing in logistical hiccups, weighed on values.
World all-coffee prices, as measured by an International Coffee Organization indicator, fell by 5.7% last month to 190.82 cents a pound, their lowest since October, the intergovernmental group said.
The decline was particularly acute in Brazilian natural arabica coffee, prices of which dipped by 6.8% to 214.80 cents a pound, as the 2022 harvest, estimated nearly 60% complete by research institute Cepea last week, provided extra beans for sale.
The ICO also underlined improvement in the supply of Brazil’s coffee to the international market, as “the container and shipping issues it faced earlier in the current coffee year continue to be resolved.
Brazilian natural beans are produced mainly in the South American country, although also grown in Ethiopia and Paraguay.
“In May and June, exports of green beans in Brazil increased by 6.2% and 2.3%, respectively, following 10 consecutive months of negative growth,” the ICO said.
Cecafe, the Brazilian coffee exporters’ industry group, last month also noted “modest improvement in global maritime transport” as it reported the country’s June arabica shipments at 2.65m bags, the best performance for the month on available data going back to 2010.
However, Cecafe added that shipping conditions were “still far from normal and with many challenges”.
Brazil-based coffee merchant Atlantica Coffee reported on Friday that “shipping agencies continue to decline to confirm new reservations for departures in August due to lack of space.
“Some destinations already have low availability in September as well.”
‘Beans of high quality’
Brazil’s harvest is being helped by weather which has proved persistently dry and cool in the main south eastern coffee-growing areas – although not cold enough to spark concerns about frost damage to plantations, as the region suffered a year ago.
“The cold front that advances through the south east region causes rain and increases cloud cover only on the coast of São Paulo and on the south coast of Rio de Janeiro,” the CNC producers’ group said on Friday.
“In the other areas of the south east, the sun predominates, it is hot and the humidity levels are low, with no risk of frost in the coming days.”
The conditions are boosting hopes that the harvest, while diminished in quantity by the 2021 frost episodes, will prove of strong quality.
“The current crop has been marked by beans of high-quality beverage because of the dry weather during the harvesting,” Cepea said.
Cepea reported Brazilian arabica prices falling by 4.4% over July to close the month at R$1,300.89 per bag.
Besides harvest pressure, the research institute attributed the decline to recovery in the Brazilian real, which weighs on domestic values of assets traded internationally in dollars, while noting too pressure on New York arabica futures.
“Future contracts for arabica coffee fluctuated widely last month, but, on average, values faded, majorly because of concerns about the low economic growth in China and the fear of a world recession.”


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Nice lamborghini engine in car Photo
The 23-year-old looked amazing in a hot pink T-shirt which was emblazoned with the Pure Rally logo, as well as a black mini skirt which Glamour model Lucy Pinder dressed in a black leather-look skirt and a cropped black jumper. Just like the Lamborghini Aventador, the new Huracán features three different driving modes. These are Strada, Sport and Corsa. Each of the different modes adjust the behaviour of the new transmission as well as the engine behaviour Presented as a concept car in 2003 in Detroit – where thus confirming it as a real “icon” of the Lamborghini brand. The new Lamborghini era started in 2001 with the Murciélago, followed in 2003 by the Gallardo, continues with the arrival in 2004 When a new supercar debuts, especially one as eminent as the replacement for the best-selling Lamborghini Gallardo, there’s only one question on our minds, beyond the amount of horsepower it’s pushing: How does it like going sideways? In the case of the christened as the Lamborghini Aventador LP1200-4R and in true Lambo nomenclature, the “1200” on its name is representative of the 1,200 horsepower DMC is capable of getting out of the exotic’s 6.5-liter, V-12 engine. Doing that, though, will Want to rent a Ferrari, Lamborghini or Rolls-Royce? Rolls Royce Ghost: $2,900 for a weekend or $250 an hour Lamborghini Gallardo: $2,400 for a weekend or $175 an hour Music City Dream Cars on Gleaves Street in the Gulch is your place. It’ll .
Flat Sixes is looking into a Porsche 914 for sale. The project car has a few questionable mods, and is selling for $10,000. Flat Sixes thinks it’s a little overpriced considering the black painted windshield surround and body color bumpers ALSO READ: Justin Bieber Pulled Over In Lamborghini, Arrested For DUI, Other Charges “There’s a lot more technology on the cars this year,” Williams chief technical officer Pat Symonds said in a statement. “We’ve had turbocharged engines in F1 before It has been designed by the Italian firm to drive like a race car while being entirely road legal – making it one of the most extreme vehicles ever built. Lamborghini has fitted the Veneno Roadster with a 750bhp V12 engine which gives the Speculation that the next Lamborghini engine would be coming from Audi should be put to rest. The Italian high performance sports car company has released details of a new V-12 engine that will be put into production in early next year, Lamborghini .
Whats in the box? – Pelican Parts Technical BBS, like lamborghini engine in car.


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Nothing here yet, how about adding some downloads?
I've just graduated cost of accutane treatment in uk weather NEW YORK, Oct 3 (Reuters) - In a decision with possiblebroad implications for U.S. consumers and retailers, a federaljudge has blocked enforcement of a New York state law that bansmerchants from imposing surcharges on customers who pay bycredit card rather than cash. buy artane online From those figures it is clear who the outright winner is, yet there will still be people out there ready to talk bad about Thunderbolt. We find this very strange because it is the most advanced out of the two, or any other connection available. best price diflucan He added: "He was a supporter of the Marxist ideology which was being used to run governments in other parts of the continent and other parts of Europe which was responsible for an awful lot of terrible things, including millions and millions of deaths." how much does premarin cost at walmart Alexander and other officials responded with filings maintaining that no one at the NSA had fully understood all of the rules around the calling-records database, the software used to search it, and the significance of internal markings. buy betamethasone 0.1 cream While the new reserve figures are their highest since November 2011 and represent a significant boost in Egypt's coffers, they are still roughly half of what they were before the January 2011 uprising that ousted longtime President Hosni Mubarak.


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AN avid gardener from Birkdale has received an extra-special delivery – from Southport Flower Show.
Jenny Finch was one of the unlucky people whose post went missing six years ago when a Liverpool postman stole more than 2,000 items of mail.
Among the items she didn’t receive were two tickets for the 2005 flower show.
After her trouble was highlighted in the Visiter earlier this year, flower show chiefs decided to make her a generous offer.
Show chief executive David Jackson made a surprise visit to her home in Birkdale village last week.
He presented 67-year-old Jenny with a commemorative signed book, free passes for this year’s show and a bouquet of flowers.
The flower-loving grandmother was surprised by the visit.
She said: “Somebody rang to see if I would be in, but I didn’t know why they wanted to come around.”
Although Jenny still went to the flower show in 2005, the occasion was spoilt by her ticket trouble.
Expecting the postman to bring them right up to the morning of the show, she ended up having to queue for a long time to get in.
Delighted, Jenny said: “I remember at the time that some of my mail was going missing.
“Two Southport Flower Show tickets were meant to arrive, but never did, so I had to buy two more.”
Pleased with her tickets, Jenny said: “I’ve been going since I was a little girl, and rarely miss it.
“It’s one of my favourite events of the year – I’d rather have that than my holiday.
“I can’t get around like I used to, and had been thinking of not going this year but I will be going now I have the tickets.
Mr Jackson said: “When we heard that Jenny had been let down six years ago, we thought we should do something to make up for it.”


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Earlier this month, XDA Developers revealed the existence of another Redmi K30 phone called the Redmi K30 Ultra 5G. And today this upcoming smartphone has been revealed in a Chinese authority’s TENAA database with model number M2006J10C. In addition to the information, pictures of the novelty were also available.
According to official data, the M2006J10C smartphone has a 6.67-inch AMOLED screen with a borderless design. The screen supports Full HD + resolution of 1080 x 2400 pixels and is integrated with the fingerprint scanner. The XDA report has stated that the screen of the Redmi K30 Ultra 5G will support a 120Hz refresh rate.
It has a 4500mAh battery (mentioned on TENAA with a nominal value of 4400mAh). The appearance of 3C certification has revealed that it may come with a 33W fast charger. The phone is expected to use the MIUI 12. user interface on the Android 10 platform.
It is known that the Redmi K30 Ultra is expected to use MediaTek’s Dimension 1000+ processor. Besides this model can include three variants 6GB, 8GB, and 12GB. In terms of storage, it can offer users options like 128GB, 256GB, and 512GB. However, it has no support for external storage expansion.
The Redmi K30 Ultra 5G is said to have a 20MP pop-up selfie camera. The circular camera cover on its rear has a 64MP quad-camera, speculating that the sensor is the Sony IMX686 image sensor. The device is rumored to have dimensions of 163.3 x 75.4 x 9.1mm and weighs 213 grams. It will be available in blue, black, green, pink, red and white.
The Redmi K30 Ultra 5G may launch in August. At that time, the technical information that has now been revealed should also be confirmed. Like other Redmi smartphones, the Redmi K30 Ultra 5G will debut in China first and will later arrive in the other markets under a different name.
Do not forget to follow us on our Facebook group and page to keep you always aware of the latest advances, News, Updates, review, and giveaway on smartphones, tablets, gadgets and more from the technology world of the future.


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TAIPEI (Taiwan News) — In addition to Taiwanese citizens, foreign and Chinese spouses will also be able to utilize stimulus vouchers, which the government will make available in mid-July to revitalize Taiwan's economy amid the Wuhan coronavirus (COVID-19) epidemic.
The vouchers will be sold for NT$1,000 (US$33) and have a value of NT$3,000, in essence equating to a NT$2,000 discount on purchases. The vouchers can be purchased by Taiwanese citizens as well as foreign and Chinese spouses, reported UDN.
After consulting with Premier Su Tseng-chang (蘇貞昌), Taiwanese president Tsai Ing-wen (蔡英文) approved the program last week. In addition to a physical voucher, a "digital voucher" will also be made available, greatly reducing administrative costs.
During the Ma Ying-jeou (馬英九) administration, NT$1.8 billion was spent on administrative fees on a similar stimulus voucher. This time, the government spent only NT$900 million in administrative fees, half the amount on a voucher program of the same scale.
The voucher program is reportedly going to be rolled out during summer vacation in July and is estimated that it will cost the government NT$50 billion. Those who use electronic or credit card payments will receive a refund of NT$2,000 or e-payment points for NT$3,000 spent.
Starting on July 15, The vouchers can be purchased for NT$1,000 in post offices across Taiwan. In addition, approximately 1.2 million low- and middle-income households will receive the NT$3,000 vouchers free of charge.


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Money printing not responsible for price hikes price hikes: Cabraal
- Attributes inflation to global supply-side shocks
- Says CBSL not responsible for supply changes
By Imsha Iqbal
Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal stated yesterday (14) that inflation has increased due to the supply-side shocks from the global market changes, and certainly not because of the money printing by the CBSL.
He made this remark during the Monetary Policy Review No. 7 of 2021 as a response to a question raised by a journalist stating printing money as the reason behind the price increase of commodities, including essential goods.
“We know the reason why the price has been increased for many goods. It is not due to the money printing that has taken place in Sri Lanka,” Cabraal said in response.
Further explaining his stance on the matter, he said: “Gas price has not increased due to the money printing in Sri Lanka, price of powdered milk is not because of the money printing, and most of the times, we have seen changes due to global tendencies.”
He added: “In Sri Lanka, even though we (CBSL) provide statistics on certain aspects by the Economic Research Department, the main factor to the price increase is supply-side shocks.”
Cabraal added that the CBSL cannot take responsibility when it comes to supply.
The supply is affected by the circumstances that take place in foreign countries or globally.
However, with regard to the global impact of price hikes, the value of the rupee (LKR) impacts the price, and the CBSL is working on that matter.
A supply-side shock is an event that leads to a reduction of the production capacity of goods or services at a given cost.
Early this week, the prices of commodities such as domestic gas cylinders, cement, wheat flour, and milk powder were increased. Subsequently, the price of a rice packet and milk tea were announced as well amidst the prevailing pandemic.
‘No need to go to IMF’
Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal yesterday (14) reiterated that Sri Lanka does not have a necessity to approach the International Monetary Fund (IMF) for economic support.
Cabraal told Bloomberg last morning that Sri Lanka is comfortably able to meet its repayments and therefore, did not have a necessity to go to the IMF.
The Governor noted that there were several foreign inflows including government-to-government agreements that are expected to come in to help Sri Lanka’s economic conditions.
Cabraal added that Sri Lanka’s tourism industry is also expected to be revived by this December.


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Touchless biometric identification and authentication for resumption of work, shopping and travel
From retail biometric systems to health certification based on facial recognition for touchless traveler processing in airports, the contactless systems for economic reopening are the through-line for many of the top stories in the digital identity ecosystem this week. New workforce management products from Iris ID and Nymi, a biometric payment card partnership formed by Zwipe and a Mastercard executives’ take on the progress towards a cashless society show the speed of the shift towards remote identification and authentication.
Members of U.S. Congress from both parties have come together to advance a new bill to start working on interoperable digital ID that people can use for interactions with the government. A task force, standards creation by NIST, and grants through DHS would help improve digital identity in the country.
Retailers are deploying biometrics to help safely resume business and compete with ecommerce vendors. New solutions developed by QNAP and Kabn, each stemming from partnerships, provide facial recognition for retail signage and digital ID check-ins, respectively, while emotion analysis provider Entropik Tech has raised $8 million in funding and NEC has launched a proof of concept of a retail analytics system in Indonesia.
The latest in a series of patent filings from Fingerprint Cards published in the U.S. shows the company has been working on a way to improve the biometric performance of fingerprint systems in consumer electronics. The image-enhancement technique involves multiple images and low-pass filters.
Biometric devices storing all user data locally will make up locks and other parts of the smart homes, providing some assurance of data privacy to the many consumers for whom concerns on the topic are a barrier to adoption, Fingerprint Cards argues in an article on its website.
A partnership with Nvidia and Convergint Technologies have led Chooch AI to a breakthrough in edge AI response speed, and Co-founder and CEO Emrah Gultelkin says in an interview with Biometric Update that a lot of early developer interest in edge inferencing is related to facial recognition and biometric liveness.
Vision-Box biometrics will be used to screen passengers arriving at the Winnipeg airport through the NEXUS program, and airports in Malaysia and India have announced plans to deploy similar technology to cut down on physically close interactions between travellers and staff. Facial recognition is also part of a newly-accredited health safety program at Hong Kong airport, and residents of all 50 states can now get REAL ID-compliant drivers’ licenses, meaning they can use them for domestic commercial air travel.
Lawsuits over the use of images in a training dataset to reduce demographic disparity in facial recognition accuracy against Amazon and Microsoft should be thrown out, the companies argue, as they neither collected the biometric data from state residents, nor used it in-state. Related cases have been brought against IBM and Google.
Data privacy law expert David Oberly of Blank Rome LLP explains in a Biometric Update guest post how companies can avoid being targeted by biometric privacy lawsuits. Oberly breaks down the legal landscape and provides a list of compliance tips for BU readers.
Brandeis University’s student newspaper is calling for post-secondary institutions to condemn the use of remote proctoring services, many of which use biometrics, arguing that they “violate student privacy and exacerbate existing systems of oppression.” Part of the reasoning is “the especially problematic role of facial recognition,” with reference to a quote adding transphobia to allegations of the algorithms’ racism and sexism. Brandeis is not using remote proctoring, due to a review finding privacy concerns.
Facial biometrics are increasing in popularity as part of access control and other systems for residential buildings and communities, and as companies like Amazon enter the market, StoneLock GM Yanik Brunet tells Biometric Update the effectiveness of his company’s ‘faceless’ biometrics regardless of user attributes, along with its privacy protections, make StoneLock the leading choice for touchless authentication.
The promise of quantum computing also contains major potential risk for encrypted sensitive data stored in centralized databases to be cracked, Valid Director of Identity Programs Kevin Freiburger writes in another guest post. To maintain data and account security, businesses will need to become a little more sophisticated in their data storage practices, and implement biometrics.
Ecuador is rolling out its new biometric passports in line with ICAO requirements, which enable Ecuadorians free access to the EU Schengen area. Half a world away, Belgium is also launching physical ID documents with biometrics, as its new national ID cards will include color photos and fingerprint data to meet regional standards for the credentials.
MIT Technology Review’s Deep Tech podcast examines what it sees as the backsliding of Brazil from an emerging leader online rights and data governance into techno-authoritarianism. Government databases have been consolidated to centralize vast troves of citizen data, including face and voice biometrics, journalist Richard Kemeny says, and facial recognition systems brought in during the World Cup and Olympics have become part of the normal police apparatus, but a new data law is on track to take affect this year.
Zwipe is continuing to partner up with players in different elements of payment card manufacturing and production, new leadership appointments at Idemia NSS, Alcatraz, Signicat and Behavox, and a Mastercard executive’s take on the momentum towards cashless societies were also among the most widely read stories in the industry this week.
Nymi has added worker tracking capabilities to its enterprise wearable to help companies in a wide range of industries operate contact tracing and social distancing enforcement programs. CEO Chris Sullivan told Biometric Update in an email interview that the company is looking to expand its market to help businesses outside its core customer bases in pharmaceuticals, medical device manufacturing and financial services.
Iris ID explains its new approach to biometric workforce management with the launch of the IrisTime platform and a new device for multi-biometric fusion in a brand focus article. The flexible and open platform makes it easy to integrate for ISVs and enterprises, the company says.
Algorithmic policing, what it means and whether it works has been investigated by the University of Toronto’s Citizen Lab, and Cynthia Khoo, co-author of its report “To Surveil and Protect: A Human Rights Analysis of Algorithmic Policing in Canada” joins Toronto Star podcast This Matters. The report finds that predictive algorithms are used less in Canada than the U.S., and that transparency around both predictive and surveillance technologies is lacking.
A blog post from Thales delves into identity and its importance, tracing the modern concept back to a conceptual borrowing from mathematics by French mathematician and philosopher Nicolas de Condorcet. The need for inclusive identity systems has been magnified with more interactions occurring remotely and more people than ever relying on government assistance, the post argues.
AI ethics groups considering bias against traditionally underrepresented groups, fairness and other challenges for the field tend to look the same as each other, and as many of the world’s more powerful boards and committees, MIT Technology Review writes. This raises the likelihood that the visions they put forward will be less global than North America and Northwestern Europe-centric, a possibility the Montreal AI Ethics Institute is working to avoid.
Orange Business Services VP for Middle East and Africa Sahem Azzam writes about the importance of digital identity to smart cities for ITP.net. Smart cities of the future could be home to 70 percent of the world’s people by 2050, and multichannel communication with citizens based on digital ID will be necessary, according to Azzam.
Entrust Datacard is now just Entrust, after rebranding to reflect the continued emphasis on trust in its business, even as cards are in many cases replaced by digital interactions. CEO Todd Wilkinson says in the company’s rebrand overview that Entrust will also have a new mindset to go with its shorter name.
Please let us know if you spot an article, editorial, video or other content you would like to share with people in the biometrics and digital identity communities in the comments below or through social media.
access control | airports | biometric cards | biometric data | biometric identification | biometrics | contactless biometrics | digital identity | facial recognition | patents | payments | remote authentication | retail biometrics


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US: Nike reshuffles affiliates, apparel managers
Sporting goods giant Nike Inc has promoted Roger Wyett, the head of its Hurley International unit, to president of its Nike Affiliates portfolio.
Here he will lead business and strategic direction for brands including Cole Haan, Converse, Hurley International and Umbro, reporting directly to president and CEO Mark Parker. Wyett is replacing Eunan McLaughlin, who is to retire.
Nike also said Jan Singer will become vice president of global apparel, replacing Jill Stanton who is leaving the company. Singer most recently served as vice president of global footwear for Nike.
In turn, she will be succeeded by Andrea Correani as vice president of global footwear. Correani was most recently vice president of footwear for Nike Sportswear.
Both Singer and Correani will report directly to Eric Sprunk, global vice president of merchandising and product for Nike.
“We have tremendous growth opportunities across our portfolio of affiliates and are pleased to see Roger bring his more than 25 years of experience to the team and lead us in our next period of growth within our affiliates,” Parker said.
“We look forward to Jan and Andrea’s leadership as we create products and experiences that inspire athletes around the world to reach their full potential,” he added.
The sustainability field is often accused of spawning 'talking shops' and that is a tag no new initiative wants. The emphasis on its three clear goals, even in its earliest communications, underlines ...
Over the past decade and more, industry associations and individual companies have launched numerous initiatives with the aim of addressing and reducing the environmental and social impacts of clothin...
Just three months after being tasked with leading the international expansion of Gap's Old Navy chain, John Ermatinger is heading for the Tommy Hilfiger Group, where he will lead its operations in Asi...
Apparel maker Obscene Jeans Corp is exploring an acquisition or strategic alliance with activewear clothier We Are Yoga LLC, producer of the Wisdom & Co yoga wear line, in a move that would take it in...
India's fashion conscious teens are making the country an attractive destination for international clothing firms, with a new survey finding more than one-third of youngsters in urban areas spend INR5...
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- M&S to see "departure" of sourcing chiefs?
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- C&A steps up sustainability at top-rated suppliers


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During the G20 summit, US President Trump made some statements that seem to be starting an easing of tensions with China and a possible resolution of the situation that resulted in the controversial Huawei Ban. Although nothing has yet been written and decided definitively, the relations of American companies with Chinese companies, Huawei in the first place, could soon be back on track.
Here is an excerpt of the words spoken by Trump:
I allowed companies to continue selling products … I like the idea that our companies sell things to others … very complex things. […] Our companies were very upset, but we are allowing this collaboration. So, if it does not become a national security problem, we will allow them to continue trading.
Trump is therefore more aware of how the situation could evolve in a negative way, even for his country, and how cooperation between the US and China is fundamental, especially with regard to patents and technologies. The US president then made further reflections on the Huawei case, there is talk of a possible trade agreement to be completed by next Tuesday.
We are arriving at the epilogue with Huawei, we will see what will be decided with the trade agreement
At the moment nothing has been written in black and white, Trump says he will discuss the matter by Tuesday with the Commerce Department, but the next step could be direct negotiation with Chinese President Xin Jinping.
Officiality is still lacking, it is good to remember, but the assumptions lead to more relaxed atmospheres. Trump had also threatened to impose new tariffs on imports from China, even these denials during the G20 summit. The ban imposed on Huawei and other Chinese companies by the United States is redesigning the market for consumer electronics and network infrastructures, its resolution is very much awaited. We will follow the situation, updating you in the coming days if significant developments develop.


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GREENVILLE - The Greenville Police Department is warning people to be on the lookout for counterfeit money, especially during the holiday season. Detectives have responded to more than a dozen cases of counterfeit bills passed, over the past few months.
Police advise retailers and customers to examine their money closely during each transaction.
They say not to return it to the person who passed it, but to contact law enforcement immediately.
- Updated NBA rookies say Kinston's Ingram will have best career
- Updated Trump lifts ban on media outlets, at least for pool duty
- New Silver alert issued for missing Washington woman
- Updated NJ Gov. Christie vetoes $15 minimum wage
- Updated Cadillac exec spills company strategy ... in the comments section of a blog


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Publisher Microids and developers from the French studio Koalabs presented themselves publish trailers upcoming adventure Syberia: The World Before, and in separate video recalled the events of the previous parts.
Remember that the events of Syberia: The World Before are spread over two time periods in which two different heroines must be controlled: 17-year-old Dana Rose (1937) and Kate Walker (2004), known from previous parts .
The revealed trailer is around two minutes long and features snippets from both storylines, with Kate trying to figure out what connects her with Dana as a big part of the story.
As for the flashback (attached below), it includes footage from the previous three Syberias and builds up the chain of events that led up to where Kate ended up at the beginning of Syberia: The World Before.
Syberia: The World Before will be available in stores on March 18th for PC (Steam, GOG, Epic Games Store) and will be available on consoles in the current year, which are not yet specified.


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EMP: Kristin Debany Named Head of Apparel at Cobra Puma Golf
September 23, 2014
COBRA PUMA GOLF (CPG) announced that Kristin Debany will be the company’s new Team Head of Apparel. Debany, formerly Global Product Director of Performance Apparel at Oakley, will be responsible for the global product creation and innovation of PUMA’s golf apparel collections.
“We’re pleased to have Kristin join the PUMA Golf family,” said Bob Phillion, CPG President and CEO. “Her talent, experience and knowledge of our brand make for a fantastic combination. Kristin will help ignite our global golf apparel business and drive our company’s strength in the marketplace.”
Debany served as the Sr. Product Line Manager at PUMA North America from 2008-2012 where she led the global apparel business including brand direction, design and innovation. While at Oakley, Debany oversaw the significant growth of the golf, training, and women’s swim apparel businesses.
“I couldn’t be more excited to be part of the PUMA brand at CPG,” said Debany. “CPG fosters a culture of technology, innovation, and game enjoyment. Under the new business structure we’ll be faster to market, drive new trends and performance benefits, and deliver apparel to golfers everywhere which will help them look, feel, and play better.”
In conjunction with Debany’s new role, the PUMA golf apparel business will move from Boston to the CPG headquarters in Carlsbad, Calif enabling the brand to drive further synergies across the business.
Debany was raised in Philadelphia and graduated from Villanova University in 2001. Debany is an avid golfer and currently resides with her family in Corona Del Mar, CA.


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Flipkart, the Indian ecommerce retailer and marketplace owned by Walmart, has introduced ‘Cardless Credit’ which will enable customers to get instant credit of up to Rs 60,000 (which is about £630GBP) when they go shopping on marketplace.
Part of the purpose of this new product is to offer credit more easily than other financial institutions in India. It remarkable to note that, according to Flipkart, in a country of over one billion people that only about 20 million have credit cards. The Indian economy is still wedded to cash and cheques and credit applications are an involved, time -consuming process.
Flipkart promises that shoppers will get some form of credit, however small, if they apply and the decision will be made using their previous buyer behaviour, which will be advantageous to loyal customers who don’t have a credit record.
Close to 45 million customers on our platform do not have formal access to credit and a good portion of this is emerging from tier II, III towns. Cardless Credit is a step in the direction to make e-commerce more inclusive and help customers with small ticket credit line while they make a purchase at Flipkart.
– Ravi Garikipati, senior vice president and head of Fintech, Flipkart
Lending to shoppers on the marketplace is a win-win for Flipkart. Not only do they get a little back in interest on the relatively modest loans but the money is guaranteed to be spent with them therefore boosting their sales volumes. It’s also good news for merchants because it means shoppers have money to spend with them too.
The timing is also significant with the Big Billion Day (BBD) event returning this year with deep discounts across the shop with a focus in 2018 on household appliances. Big Billion Day is scheduled to return between the 1st and 4th of October and forms part of the gift buying seasoning advance of Diwali.


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Thas has worked across several time periods of the Nigerian tech era. Today, he is Sub-Saharan Africa’s first Google Developer Expert in Machine Learning.
Everyone wants to do everything on mobile these days, from banking with a simple USSD menu to consulting with their doctor via SMS.
Building a business based on emerging technology, in an industry still in its formative stages in Nigeria’s unforgiving business clime is herculean, to say the least.
There is a lot of uncertainty at the moment about the fate of fintech businesses in Nigeria and most of it rides on this piece of regulation.
GIGM has the first top-down transport management system in the country, a 600-bus fleet and over 2000 employees.
Through an unlikely alliance, the founders of Helium Health are using their product to improve outcomes for healthcare service delivery in Nigeria.


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IRVINE, Calif. -- Western Growers Association based here delivered on a promise to plant the seeds of change with a proposed California State Leafy Greens Marketing Agreement that would establish an inspection program to bolster safety standards for the handling of fresh spinach and other greens.
Western Growers said the voluntary marketing agreement, the first in a series of steps the industry is taking to restore consumer confidence in the wake of a food safety crisis triggered by an outbreak of e. Coli in spinach last September, is a major milestone in the process to create state-enforced and administered regulations regarding food safety.
The agreement's rules call for all types of lettuce, arugula, cabbage, and spinach to be certified with an official seal of approval, similar to a USDA label on meat.
"Last year we made a commitment to declare war on food borne illnesses in the fresh produce industry," said Tom Nassif, Western Growers' president and c.e.o. "This is the opening salvo in that war. We have said that food safety is a sacred trust between the people in our industry and the public. We take that responsibility extremely seriously," Nassif continued, adding that the industry-funded initiative is part "of our commitment to put our money where our mouth is and take positive action to raise the standards of food safety in this country."
The California Department of Food and Agriculture (CDFA) - which would facilitate and enforce the guidelines - is at present seeking about 130 companies that handle green, leafy produce to voluntarily agree to the procedures by Feb. 5. The rules cover all types of lettuce, arugula, cabbage and spinach to be certified with an official seal of approval similar to a USDA label on meat.
However, the United Fresh Produce Association sees the voluntary California marketing agreement a bit differently, saying that while it is helpful, it is no substitute for federal oversight of clear, consistent science-based standards that are applicable to all produce grown anywhere in the United States, or imported into the country.
In a letter sent to its members earlier this week, United Fresh co-chairs Maureen Marshall and Mark Millers said mandatory produce safety standards, backed by sufficient federal oversight, is the sole acceptable solution. The Washington, D.C.-based trade group executives further said industry standards can't depend on marketing programs or voluntary certification that are not the same as commodity-specific food safety practices based on the best available science.
"We know scientifically that we cannot promise there will never be another outbreak of foodborne disease," said Miller and Marshall. "But we also know that in the future, we must be able to stand side-by-side with government to reassure the public that together, we have done everything we know to implement and comply with strong mandatory government standards to protect public health."
California Sen. Dean Florez is opposed to the marketing agreement. "We have already tried warnings and self-regulation, and we have had more outbreaks with lettuce and spinach than with any other food crop," said Florez in news reports. Florez said he plans to introduce three bills next week that would require buffer zones to separate crops from feedlots and dairies, mandate bacterial testing programs for irrigation water and dictate the size and durability of fencing to keep wild and stray animals from the areas where vegetables grow.
The proposed California marketing agreement would utilize a uniform inspection program to verify that leafy greens handlers -- the middlemen through whom product moves from field to retail -- are complying with their own standards. If sign-ups indicate ample participation, CDFA would then certify the agreement.
An assessment of up to 5 cents per carton of produce would fund the inspection program to ensure compliance. Violators would be tossed from the program and prohibited to use the state seal of approval that would appear on the labels of lettuce and spinach grown and processed according to the standards.
Nassif said the agreement would be followed by a marketing order, which would verify and enforce standards among all leafy greens growers. The primary distinction between a marketing order and a marketing agreement is that participation in the order is mandatory, and participation in the agreement is voluntary. However, once handlers commit to the agreement, compliance is mandatory.
CDFA will appoint an official 13-member Marketing Agreement Board, which will be charged with implementing the agreement, all elements of which will be exercised under the authority of the State of California.
Optimistic that the marketing agreement will be a model for the nation - even the world -- Nassif said he hopes "retail and foodservice buyers will agree to buy only from handlers covered by the agreement. Calling it "a giant step for our industry," albeit merely a first step, Nassif said Western Growers will follow up with "additional measures and regulations on the state and federal levels to protect the consuming public."


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Before getting into my on-road review of the new Chrysler Pacifica, let me clarify a few points about the driving dynamics of this new minivan from the company that invited the minivan.
New Vehicle Reviews
The Subaru BRZ gets a refresh and a number of upgrades for the new model year.
The syndrome is most noticeable when refueling, or traveling in regions of “green car” saturation.
While the fuel economy of the 2017 Toyota Highlander Hybrid doesn’t rival the smaller hybrid cars like the Prius, the Highlander Hybrid has some distinct advantages over its smaller fuel-sipping br
Car manufacturers generally put auto journalist like myself in top trim variants of their latest offerings.
We drive the new Subaru Impreza 2.0i Limited Sedan this week in Colorado’s high country and give it a thorough test. We found it has more luxury and comfort than the previous generation model.
As professional car jockeys experienced the cushy premium interior confines of Kia’ upscale offering, I reflected on the 2017 Kia Cadenza sitting on my Eugene, Oregon driveway.
Compact SUVs like the 2017 Kia Sportage (crossovers, if you prefer) have become one of the most popular segments in the American auto industry and at this point, every company doing business in the
The new Ford Super Duty lineup is the strongest and toughest on the current market with the 6.7L PowerStroke diesel packing 440 horsepower, 925lb-ft of torque, a 7,630lb payload capacity and a 32,5
We drive the Subaru Impreza 2.0i Hatchback Sport this week in Colorado’s high altitude and give it a thorough test. We found five significant changes consumers should know about.
General Motors has experimented with electrifying the car for decades, and has enjoyed some market success.
The 2017 Jeep Grand Cherokee Trailhawk has been engineered to be one of the most capable SUVs ever offered by the brand, so it will be right at home at your local ORV park, but the fact of the matt
Land Rover has long been known for offering vehicles with world class offroading capabilities which allow them to go just about anywhere in the world.
I wanted my week in the seat of Mazda3 Grand Touring Sedan to be an exceptional one.
2017 Acura MDX is in essence “a carry-over,” in auto-world vernacular. And that’s O.K. with me.
Last week we shared how turbocharging works, and the advantages of the engine technology in Honda’s much improved 2017 CR-V.
2017 Mitsubishi Outlander Super Handling All Wheel Control just saved my life. So it would seem.
For me and other long-time Honda aficionados, 2017 Honda Civic Hatchback as presented is worth every penny of its suggested retail price.
Back in 1998, Ford introduced the SVT Contour – a mid-sized sedan with a specially tuned suspension setup, a unique V6 engine with 195hp and 165kb-ft of torque, a manual transmission and unique bod
Here’s the thing. As an automotive journalist, I have a tendency to gravitate to the technical, mechanical and safety side of newly released cars, trucks, and occasionally motorcycle.
I’m proficient at sorting out Tech. 2017 Volvo XC90 T8 Inscription hybrid has me just a bit befuddled.
Fifty years ago, the muscle car era was just getting underway and if you wanted the biggest, most luxurious car in America, you bought a Cadillac.
The term massive still applies to the big sport-utility vehicle called the Armada. The big three row Nissan family hauler has plenty of seats and comes with V8 power.
The boom in popularity of sport utility vehicles and crossovers in the US has led to an influx of luxury SUVs of all shapes and sizes, along with an upscale shift in the SUVs from non-luxury brands
The modern Dodge Challenger has proven to be popular with buyers for its muscle exterior design and its roomy, plush interior.
Last month, I was lucky enough to get my hands on a 2016 Ram 1500 Rebel fitted with the Mopar 16 package and during that time, the Michigan weather did its thing – giving me a chance to experience


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America Online, Time Inc. may make mags available online only to subscribers
NEW YORK -- Time Inc. publications now available for free on the Internet may soon be available only to subscribers of its sister company America Online, a source familiar with the matter said Monday.
The two units of AOL Time Warner are considering a deal that would bring them closer together while offering a potentially significant source of new subscribers to the struggling Internet division.
Currently, most of Time Inc.'s magazines, which include People, Time, Sports Illustrated and Cooking Light, can be read for free online.
The proposal, which was reported in Monday's editions of The Wall Street Journal, is expected to be discussed with analysts next week by America Online's new chief executive, Jon Miller.
America Online currently has 35 million subscribers, but analysts have questioned its long-term prospects because of concerns that subscription and advertising growth are slowing. They are particularly concerned about the company's high-speed Internet access service, which the company has touted as key to its future, but is still pricier than much of the competition.
AOL executives have said they believe the key to its success is developing unique content that consumers can't find anywhere else on the Web. A deal with Time Inc. could help do that.
In afternoon trading on the New York Stock Exchange, shares of AOL Time Warner rose 31 cents to $16.20, up about 2 percent.
America Online is also under pressure because of a government investigation into its accounting practices, scrutiny that has hurt its corporate parent's stock price, which has tumbled about 50 percent this year.
The merger between America Online and Time Warner was announced in January 2000.


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Personalizing the customer experience with big data has been identified as one of the top six 2019 e-commerce trends by OECN . To do this you need trust. The DMEXCO Board have identified ‘Trust in You’ as a key theme for EMEA’s leading tech summit, September 11 & 12. Dominik Matyka, chief advisor to DMEXCO comments:
“As users, we also need to trust that companies in the digital economy will treat us and our data with respect and responsibility.”
Trust is one of the key challenges that runs across all the future trends for 2019. In this article, we cover:
- Consumer skepticism
- Building trust through transparency
- Data Era – what next in personalisation
- China best practice: mobile, omnichannel marketing, building trust
- Voice Commerce
The consumer has become skeptical about online platforms
Customer trust in e-commerce platforms is at the heart of this move into this new era of data and needs to overcome any consumer skepticism towards technology companies, brought about by fake news and other online platform scandals. According to the Edelman Trust Barometer, trust in technology has shown a precipitous decline, showing an overall drop in 16 of 28 markets surveyed. The USA (-19pt) and France (-18pt) were the biggest drops with Germany (-9pt) showing a less dramatic decline.
In his contribution to Forbes, Harley Finkelstein, COO of Shopify and speaker at DMEXCO 2019, wrote “It’s on retailers to earn consumer trust in the old-fashioned way-by adding value to their experience, not just pushing products.”
Building customer trust through brand transparency
The customer needs to be at the centre of any commercial enterprise and gaining their trust is certainly adding value to their experience. A recent Pega survey revealed that 69 per cent of consumers are more likely to do business with a company that handles their data transparently.
Hema China takes the technological lead
In the world of food, the Chinese consumer is very skeptical after the baby deaths scandals through contaminated milk. Hema supermarket, owned by Alibaba, is a great example of how tech and consumer trends towards more mobile and multiplatform use have been captured by the company to provide use of mobile a seamless and trustworthy online/offline experience for the customer. Customers can use the app on their mobile phone to scan and check products in the supermarket. The information is absolutely transparent as the QR code displays the origin of every product, where it was made, where it came from as a guarantee of quality and way to build consumer trust. This is enhanced in the offline world of the supermarkets with appealing displays and opportunities to taste while you shop, which are customer experiences that are rapidly distributed into social media. Omnichannel marketing has been maximized to provide the customer with all touchpoints. Delivery to the home is guaranteed within 30mn (in a 25 km radius) and payment is cashless through Alibaba pay as Hema integrates the real and online experience with the mobile phone as a lynchpin. Gabor has also been experimenting with this in Europe. It is no longer revolutionary but the Hema app maximises on data collection to store buying habits and make buying suggestions to the customer as well as recipe suggestions.
Amazon has been collecting customer data and individualizing product offers to customers for a long time and well ahead of European companies in terms of the range and possibilities it can offer. Amazon’s greatest asset has been its data but not all experts agree that the focus is on building consumer trust through transparency. Mark Steier a digital blogger comments “But it is precisely this asset that the platform is handling irresponsibly. A strange ecosystem has developed around the reviews. You could even call it a review mafia.”
Data tech increases personalization potential
In 2019, marketing will go a step beyond individualized advertising based on product purchases to communicating around individual habits, e.g. reminding a customer that their batteries may need changing or that it might be time to order more cat food. Seeing real benefits can motivate the customer to keep opting in and build trust in an e-commerce platform.
Will the customer trust voice commerce?
In the PwC report on the impact of Voice assistants on consumer behaviour in the USA, already further ahead than Europe, trust has been established as a key barrier to adoption. In the survey:
- 46% said “I don’t trust my voice assistant to correctly interpret and process my order”
- 45% said “I don’t trust or feel comfortable sending payment through my voice assistant”
Voice commerce, chatbot customer service has been a buzz for a while now but are customers using it? Have you moved to voice?
To find out more on all of these e-commerce trends, at DMEXCO, there will be over 500 speakers to inspire you and over 150 Seminars and Worklabs that will help you in your decision and over 1,000 exhibitors to show you how it works. The best way to stay informed is through the new DMEXCO App where you can download your ticket, access opinion leading information and stay in touch with the community.
[button link=”https://dmexco.com/tickets/?utm_source=mediapartnership&utm_medium=adv_e-commerce_nation&utm_campaign=20190715&utm_term=general” type=”big” color=”lightblue” newwindow=”yes”] Get your ticket now! [/button]


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|April 25th, 2006, 02:31 AM||#1|
Join Date: Sep 2002
Likes (Received): 6980
Container Shipping - A History
Containerized shipping began with N.C. man 50 years ago
By BONNIE PFISTER
23 April 2006
NEWARK, N.J. (AP) - Fifty years ago on April 26, a trucker from Maxton, N.C., ran an experiment here that forever altered international trade and the global economy.
While many scoffed, Malcolm McLean hired a crane to hoist 58 trailer-sized steel cargo boxes onto a Texas-bound freighter. It was an alternative to the then-ubiquitous "break-bulk" shipping, the costly, pilferage-prone method dramatized in the film "On The Waterfront."
It was a revolutionary idea in shipping and a huge business risk for McLean.
He sold off the trucking firm it had taken him 20 years to build, in compliance with the era's antitrust regulations. And he retrofitted an old oil tanker, the Ideal X, with a reinforced flat deck specially designed with grooves to secure the containers in place for the maiden voyage down the Eastern seaboard and into the Gulf of Mexico.
By the time the tanker docked at the Port of Houston six days later, McLean's Sea-Land Services was taking orders to ship containers back north. Transoceanic shipping eventually followed, ushering in what observers call the biggest change in freight transport since steam engines replaced sails.
"There are few instances in history where innovation has had such a dramatic impact," Anthony Coscia, chairman of the Port Authority of New York and New Jersey, said Friday. "Malcolm McLean gave birth to a way of moving goods around the world that promoted global economic development that has been very positive for New Jersey and the U.S. economy."
Break-bulk, which is still used for true "bulk" commodities such as construction materials, involved armies of stevedores loading individual crates from a dock to a sling, which was then hoisted up and then down into a ship's hold, to be unloaded and positioned there.
Now shipping everything from clothing to razor blades to electronics in secured metal containers is the norm. Breakage and theft have been dramatically curtailed, and average shipping costs have fallen from 15 percent of retail value to less than 1 percent. At the Port Authority's New Jersey locations -- ports Newark and Elizabeth -- containerization accounts for 94 percent of the cargo, with break bulk about 1 percent; automobiles account for the remainder.
Over the years, that development set the foundation for big-box stores crammed with inexpensive items, allowing shopping to morph from necessity to entertainment. The advent of refrigerated containers meant no matter the season, grocers could offer fresh produce grown half a world away for reasonable prices.
"Products that couldn't move because of the export packaging and damage and so forth move freely now throughout the world," said Paul F. Richardson, a shipping consultant who worked side by side with McLean for Sea-Land's first 20 years. "It was a huge breakthrough."
McLean died in May 2001 at 87, two years after selling Sea-Land, then the world's seventh-largest shipper, to Denmark's Maersk for $800 million.
"I'm not sure if he graduated from high school, but he was brilliant," Richardson said. "He could do compound math in his head. He wasn't afraid of risk. In fact, I think he thrived on it."
But the container revolution, like many efficiency-creating innovations, also spelled the end to countless well-paying jobs, both in shipping and in manufacturing.
"It used to be if you took a ship with five cargo holds, it would take two shifts a day of up to 20 longshoremen for a week to unload it," said Arthur Donovan, a former history professor at the U.S. Merchant Marine Academy in Long Island, and co-author of "The Box That Changed The World." Today, a comparable job would take about 10 hours with three or four container cranes, employing fewer than 20 workers, he said.
"It makes the whole world like a slick surface: you can slide anywhere at almost no cost," Donovan said. "If you have pool of cheap labor that's ready to work, you simply outsource. The purpose wasn't to disemploy people, but it's the consequence of falling transportation costs."
The result is a generation of American consumers weaned on superstores. Wal-Mart is the leading user of shipping containers, followed closely by Target, Ikea and Home Depot, Donovan said.
"It's transformed retailing," he added. "The big box experience is a product of containerization."
Events commemorating the anniversary are scheduled at Port Elizabeth, N.J. on Tuesday and the Smithsonian Institution in Washington D.C. Thursday.
On the Net:
Port Authority of New York and New Jersey: http://www.panynj.gov/
History of Containerization Foundation: http://www.hocfoundation.net
|October 28th, 2007, 09:48 AM||#2|
Join Date: Sep 2002
Likes (Received): 6980
Dilemma: How much greener are ships than planes?
Are your Christmas presents coming by sea from China?
New superships are making all the wrong waves
28 October 2007
In the late Eighties I went on a rather dull school trip to Dublin Port and Docks (I went to school in Dublin, near the docks, so this was a more prosaic outing than it might sound). The one shining moment, however, was seeing a container ship that had arrived from Japan. It dwarfed the surrounding buildings and seemed to block out the sky.
At just 4,000 TEU (the container ship measurement, meaning 20ft-equivalent units, or a container), that ship would now appear ridiculously puny. The new generation of megaships can carry 11,000 TEU. When the Emma Maersk docked in Felixstowe this time last year it was promptly dubbed SS Santa . At 397m long (the size of four rugby pitches) and 56.4m wide, she carried 45,000 tonnes of Christmas goodies, trainers, MP3 players, T-shirts and plastic toys.
Pound for pound, shipping is greener than aviation in terms of emissions, but that doesn't make it eco-friendly. Shipping emissions account for 5 per cent of total global emissions, producing between 600-800 tonnes of CO2 a year. And 70 per cent of ocean-going ship emissions occur just off the coast, impacting mostly in the form of acid rain and leading to severe coastal erosion. According to some commentators, the trade has been treading water when it comes to greening its act, while other modes of freight (including aviation) have made big savings.
Bigger vessels don't help. Even if new megaships have a heat-recovery system, it's a bit like fitting a Hummer with a solar-powered clock. Significantly, the size and weight of new ships, along with increased traffic (there are now 200m container movements across the world each year), have a huge impact on port and waterway expansion - so Panama's canal expansion is just tough luck for the biodiversity of the surrounding Paradise Hill area.
Perhaps this would all be more palatable if containers were carrying important cargos - say, solar panels, or warm socks for orphans. But when the Napoli ran aground off the coast of Devon last year, it disgorged the usual array of trinkets, tyres and toys, along with 200 tonnes of waste oil.
The rise of the super-container, and of sea freight's footprint, has everything to do with burgeoning consumerism. You could argue that an even greater load of rubbish is sent back on the return journey, as we export the bulk of our recycling to China. But this isn't really the point. Only 75 per cent of containers contain anything on their return journey (including rubbish).
The irony is that as global warming escalates more shipping routes are opened up. Melted ice in the Canadian arctic might feasibly allow ships to sail from Europe to east Asia avoiding the Suez or Panama Canals (there's another irony, given the latter's expansion plans), saving fuel and therefore emissions. Shipping could become greener for all the wrong reasons.
|September 19th, 2008, 04:10 AM||#3|
Join Date: Sep 2002
Likes (Received): 6980
BBC to follow transport container
15 September 2008
International Freighting Weekly
The BBC will be following a container transporting a range of goods as it travels around the world to help highlight the importance of the container shipping industry.
The container began its voyage in Southampton on 8 September on its way to Scotland where it will be loaded with whisky.
Then it's off to China where it will be loaded with goods ranging from car parts to footwear.
It is hoped the container will make it back to the UK by summer next year.
The journey is being organised by the Container Shipping Information Service (CSIS), which represents the largest 24 shipping lines.
The container's progress can be tracked on www.bbc.co.uk/thebox or CSIS's own website, www.shipsandboxes.com
|July 10th, 2009, 06:52 PM||#4|
Join Date: Sep 2002
Likes (Received): 6980
Spate of containership sales confirms depth of price drop
30 June 2009
THE number of modern containerships sold has risen in the past month, providing crucial price guidance to the struggling sector.
The resale of the 1,700 teu newbuilding Cynthia, under construction at bankrupt Wadan shipyard in Germany showed that prices have fallen dramatically in the last year. Receivers have reportedly negotiated a price of €15m ($21m) for the gearless containership with buyers Briese Schiffahrt.
A spokeswoman for Briese told Lloyd’s List yesterday they were still negotiating and could not confirm the sale details.
If it goes ahead, the price is about 20% lower than the value a similar-sized but much older containership fetched back in 2007. London-based broker Clarksons priced the average value of a 1,700 teu, 10-year-old containership at $26.5m in 2007, and $24m last September.
The broker is one of many that has now stopped providing valuations for vessels since the banking and financial crisis saw prices plummet.
But while bulk carrier and tanker sales have continued to set benchmarks, very few modern container vessels have been sold.
Allied Shipbroking reported earlier this month that 26 containerships had been sold in 2009, compared to 126 tankers and nearly 370 bulk carriers.
London-based consultancy Maritime Strategies International said that secondhand boxship prices have already collapsed by 60% since last year, and have further to go.
“We envisage potential falls of up to 20% for benchmark 10-year-olds on the back of a declining newbuilding price environment. There is limited downside to the charter market,” MSI told Lloyd’s List yesterday.
Despite the poor outlook there have been more sales reported in the sector in the last two weeks.
Brokers this week reported unconfirmed news that K Line had sold two gearless containerships of 3,720 teu, including the 1993-built Akashi Bridge and Bauhinia Bridge as part of a $15men bloc deal.
Clarksons valued a 10-year-old containership of this size at $46.5m last September.
Sanko Steamship has reportedly sold two 1,700 teu vessels, Ocean Emerald and Ocean Mermaid, but neither the price nor the new owners have been disclosed.
That comes on top of the distressed sale of bankrupt owner Eastwind’s containerships to Draften Shipping, a subsidiary of the Ofer Brothers.
The Eurus Oslo and Eurus Ottawa, both built in 1989 with capacity for 2,097 teu, were sold, as well as the smaller Eurus Lisbon (1991-built, 950 teu), Eurus Paris (1983-built, 580 teu) and Eurus Singapore (1989-built, 1,555 teu).
This article is compiled on the basis of publicly available sources. Reported transactions may not have been confirmed with the buyers or sellers named. Accordingly, Lloyd’s List cannot guarantee the accuracy of the information.
SLS tanker resales join S&P market as owners cancel SOUTH Korean shipyard SLS Shipbuilding is now looking for buyers for as many as four medium range tankers, after their owners this month cancelled their contracts just before delivery, writes Michelle Wiese Bockmann.
The resales have emerged on the market at a time when brokers are forecasting a drop of at least 15% on current values for secondhand, clean tankers.
“We foresee prices weakening further leading to a re-evaluation of sellers’ price expectations,” said Gibson in its weekly sale and purchase report. “We estimate the market needs a correction of at least 15% in prices before asset players perceive this market to be a risk worth taking.”
SLS placed the resales on the market after both Stolt Nielsen subsidiary Stolt Tankers and Glencore joint-venture Glenda Shipping cancelled orders this month. Both cited excessive delays at the yard.
Stolt cancelled two 44,000 dwt coated parcel tankers, while Glenda had cancelled the order for one 51,000 dwt product tanker with a second due for delivery this month also likely to be cancelled.
These latter two ships were ordered at a price of $47.5m each.
Galbraith’s said it expected tanker resales to become an emerging trend over the following months, due to cancelled orders. This seemed to be underscored by rumours of another promptly available tanker, a very large crude carrier, circulated for sale by a South Korean yard at $100m.
“So far, there are few takers at this level,” said Gibson.
The price compares with the Baltic Exchange sale and purchase assessment price of $83.5m for a five-year-old VLCC, down more than $10m on values seen four months ago.
Brokers believe cash-rich owners are waiting for further drops in asset prices, perhaps with one eye on the pressure that the emerging resale tanker market could place on already distressed sellers.
Gibson also reported unconfirmed rumours that Iranian buyers may have bought some VLCCs built in the mid-1990s for $54m-55m but the deal had yet to be fully concluded.
The 1995-built 298,306 dwt Songa Chelsea was one that was reportedly on subjects, Gibson said.
The VLCC is owned by V Ships Group.
“There has been a strong undercurrent of interest in the large crude sector of late but there are few ‘market’ sellers in the present climate,” said the Gibson report.
Clarksons also reported buyers from South America, Indonesia and the Middle East had shown interest for double-hulled VLCCs built in the mid 1990s.
Clarksons also said the sale of the 1993-built, 97,097 dwt Chemtrans Lyra, committed to Indonesian interests at $16.5m, had failed as the owners wanted more than $18m.
Vela International is also selling another two single-hulled VLCCs, including the 1994-built 291,435 dwt Al Bali Star. The Saudi Arabian subsidiary of government-owned oil major Aramco has already sold at least four single-hulled VLCCs over the last year.


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Fueled by his smash single “Yeah” featuring Lil Jon and Ludacris, Usher’s fifth album, Confessions, will top next week’s Billboard albums chart, selling nearly 1.1 million copies in its first week.
The album will be the highest first-week sales of any album released this year thus far.
In addition, Usher also broke a record for the highest first week sales for any R&B artist in Soundscan history, breaking previous record holder R. Kelly, with 543,000 sold of TP-2.com in 2000.
Usher also breaks his record label’s record for first week sales, which was previously held by the Notorious B.I.G.’s posthumously released Life After Death album in 1997, which sold more than 689,000 copies.
This is the singer’s highest selling first week of his career topping his previous four releases’ first-week sales combined.
He is on top right now. Vibe has put him on the cover of their May issue. In the story, Usher tells Vibe about his life, his latest album and how he made the most personal music to date. It’s on news stands now.


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On World Television Day, IBTimes UK looks into the shape of things to come in the universe of entertainment. It seems likely that the days of fighting over the remote control are over. Instead, the victor of what to watch will be the person who has the loudest voice, as voice-activated TVs and devices gain supremacy. Not only that, but TV will move away from the corner of the room or on the walls and into our pockets.
To take it a step further, many forecasters believe that in 25 years time we're all going to have chips in our brains to programme what we watch. A future implant in the hippocampus could copy the brain's neuron messages with signals from an electrical chip. "I think it's going to be much more innate, much more subconscious, much more intuitive than actually having to decide to watch something. We're almost just going to think it and it's going to be there," says Kai Ryssdal of Marketplace.
Content providers are keen to get ahead of the curve and if Netflix have their way, they will know exactly what you want to watch, long before you even think of it. There's a fierce battle raging between traditional broadcasters to protect their methods of TV and tech companies such as Amazon, Yahoo and Netflix who are disrupting the old vanguard to push television online.
According to Neil Hunt, chief product officer, Netflix is working on its personalisation technology to the point where users will no longer have to choose what they want to watch from a grid of shows and movies. Instead, the recommendation engine will show users "one or two suggestions that perfectly fit what they want to watch now".
"I think this vision is possible," Hunt said at New York City's Internet Week conference in May 2015. "We've come a long way towards it, and we have a ways to go still." He said Netflix is spending a lot of its resources in personalisation technology.
This makes it possible for niche audiences to discover new content they might not otherwise have discovered. That gives people like filmmakers and actors more creative autonomy, he explained, because they'll finally have a distribution channel that will support small but dedicated audiences.
Kim Shillinglaw, Controller of BBC Two and BBC Four believes the audience will control what the future of TV looks like. "I think viewers want three things. First, they want to relax, to escape and to feel part of something. This is what narrative-driven and event-led TV does. Those types of programme will only become more popular," she said in an interview with Wired.
"Technology often asks us to work too hard. Recommendations need to be as good as a great curator. Netflix's algorithm is very smart, but in the next decade new algorithms will start to recognise me and my interests, and aggregate from games that I play and websites that I read as much as from shows I've watched."
One of Qualcomm's latest ideas is that phones will be able to stream a lot of data to a device very close to it. If you owned a TV that was "wireless" and allowed you to mount it on a wall with nothing but a power socket then this scenario will already be familiar. Basically, it's similar to any wireless tech but operates in the very high gigahertz range of frequencies. It works over very short distances, but allows you to send 1080p or even 4K video from phones to TVs.
This means your phone can become even more of an entertainment hub than ever before. It would work well with TVs that are actually very simple and have few inputs. Just send a signal from any device in your lounge to the TV without the need to plug it in with HDMI.
Cecile Frot-Coutaz, CEO of Fremantlemedia supports the growth of TV on smartphones: "TV will move from the corner of the room to our pocket. Live event TV -- sport, politics and entertainment -- will drive ratings, and the schedule will be irrelevant. People will watch where and when they want to."
In future, we could all have high-definition TVs that are 80 inches wide and less than a quarter-inch thick and can be rolled up when you're not using it. Or even a display monitor built into your clothing. These devices can be possible soon with the help of a technology called organic light-emitting diodes (OLEDs).
OLEDs are solid-state devices composed of thin films of organic molecules that create light with the application of electricity. OLEDs can provide brighter, crisper displays on electronic devices and use less power than conventional light-emitting diodes (LEDs) or liquid crystal displays (LCDs) used today.
Having a transparent OLED means you can put them on things that need to be seen through, such as a window, a mirror in your bathroom or just a TV that's able to become part of the furniture when you switch it off.
LG has already shown off a demo of an TV that's so thin you can just stick it to a wall. The panel itself is less than 1mm thick, and weighs a bit less than 2kg. It sticks to the wall by using a magnetic mat, and the TV that looks just like a poster.
The death knell might even be sounding for TV screens as content is watched directly on to a wall in your home. "A lot of estimates say that in 25 years we're going to see a lot more self-driving cars on the road," suggests Ben Johnson from Marketplace Tech. "I think we're going to be watching a lot of TV while we are moving in vehicles. Not just as it is now, when you're sitting on a plane, but when you're sitting in a car doing every day things as you're travelling."


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Recent content from Kristen Leigh Painter
Two editors — one a Taylor Swift fan, the other a Travis Kelce fan — want to stop talking about it, but can't
Minneapolis Star Tribune editors take up the cultural conversation about the NFL, women fans and media hype ahead of the Kansas City Chiefs vs. Minnesota Vikings game.
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The Minnetonka-based agribusiness giant records another banner year of revenue gains. It's the largest private company in America.
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Minnesota joins other states in suing egg producers, but Sparboe and other farmers wonder if prosecutors understand economics.
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By Ian Sherr
In an era of fast-food cappuccinos and drive-through coffee shops, Blue Bottle Coffee Co. is banking on slowing things down to help itself grow.
Since the Oakland-based coffee company’s founding in 2002, its revenue has jumped an average of about 50% annually to between $15 million and $20 million last year, according to James Freeman, founder and chief executive. As the company continues to expandâ€”with plans to enter Manhattan in the next month of soâ€”Blue Bottle could have more than 200 employees by the end of this year, up from about 70 two years ago.
Blue Bottle’s concept is slow coffee, an unusual offering in today’s coffee-retail industry. Brewing a cup of Blue Bottle coffee is a laborious process that can take up to five minutes, including the time it takes a barista to grind the beans and pour the grounds into a filter suspended above a cup before water is added on top.
The process takes substantially more time than it does to get a typical cup of coffee from shops like Starbucks, raising questions about how many customers would be willing to wait for a cup of joe from Blue Bottle and whether they can taste the difference.
But so far, this slow styleâ€”which Mr. Freeman says has become popular in Britain in recent yearsâ€”has helped Blue Bottle and rival Bay Area practitioners of the art, like Ritual Coffee Roasters, develop a devoted customer base.
“It’s really excellent” coffee, says Jayn Pettingill, a local 48-year-old musician and music librarian. She says she buys only Blue Bottle beans for coffee at home because the company delivers the most consistent good taste she can find.
Still, Blue Bottle faces the usual limitations of an artisan food business. Its coffee is pricey, with a standard 12-ounce cup costing about a dollar more than the roughly $1.65 charged at Starbucks.
(Published Feb 2, 2012, in The Wall Street Journal.)


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|Cars is a main import product of Việt Nam in 2019. — VNA/VNS Photo|
HÀ NỘI — The signing and implementation of free trade agreements has increased Việt Nam's tax collection this year, said Lưu Mạnh Tưởng, director of Import-Export Tax Department under Vietnam Customs.
According to Vietnam Customs, total tax collection of the sector has so far reached VNĐ335.6 trillion (US$14.5 billion), an 11.6 per cent year-on-year increase and exceeding the target of the finance ministry.
At a Vietnam Customs press conference on Wednesday, Tưởng said free trade agreements between Việt Nam and the Republic of Korea (RoK), ASEAN and RoK, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership have helped improve Việt Nam’s business climate and created better conditions for trade.
“The free trade agreements have also expanded investment and trade activities of Vietnamese enterprises, having positive impacts on the country’s export and import,” he said.
Tax collection from export-import activities in the first 11 months of this year reached $105.16 billion, up 7.97 per cent compared to the same period last year.
Cars and crude oil are key import products.
Since early this year, more than 135,200 cars worth $2.91 billion have been imported, double the number in the same period last year.
More than seven million tonnes of crude oil were imported in 11 months, costing VNĐ3.33 billion ($144,800).
Tax collection from these two products during the period hit VNĐ46.08 trillion ($2.03 billion), a year-on-year increase of more than VNĐ21.6 trillion ($939 million).
Vietnam Customs has cracked down on trade fraud, smuggling and inspected tax-free and tax reduction cases, said Tưởng.
About VNĐ992 billion ($43.1 million) of tax arrears have been paid as of November 30.
To facilitate citizens and businesses to pay tax anytime and anywhere, the customs authority has signed tax collection agreements with 42 commercials banks.
A total 30 banks offer 24/7 online tax payment and others collect direct payment.
Thanks to the system, 96 per cent of import-export enterprises have paid tax online. — VNS


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Lion is kicking off its support for the Maroons at this year’s State of Origin series with a new brand campaign for XXXX via Host/Havas, which celebrates the thrills and spills that happen off the field too.
The campaign encourages supporters to get behind the Mighty Maroons with gusto by giving them permission to do the unthinkable on any other day of the year: spilling their XXXX.
Host/Havas ECD Jon Austin said, “XXXX hasn’t just been in the hands of fans during every exciting Origin moment. It’s been on their couches, carpets and clothing too, and this year we wanted to celebrate the fandom that led to those spills.”
“We had an absolute blast working on this one with our partners at Lion. It was an idea we all immediately loved, and it’s been fantastic watching it come to life.”
Marketing Manager, Lion, Chris Allan added, “our proud partnership with the mighty Maroons over the last 31 years has delivered countless opportunities for Queenslanders to come together and celebrate with a XXXX in hand.”
“This year we worked with Host/Havas to acknowledge that while we don’t like to see any XXXX wasted, this is one time in the year when, it’s not only ok to spill the sacred drop, it’s celebrated.”
Production company: Eight Productions
Director: Jay Topping
Music: Song Zu


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Xiaomi 12 Pro 5G Launch Date in India, Xiaomi 12 Pro Price, Xiaomi 12 Pro 5G Full Specifications, and Xiaomi 12 Pro 5G Full Review 2022
Xiaomi 12 Pro 5G price is leaked in the Indian market and Xiaomi 12X and Xiaomi 12X Pro are coming.
Xiaomi 12 Pro 5G Launch Date in India
Xiaomi 12 Pro 5G Launch Date: Smartphone maker Xiaomi is expected to launch the Xiaomi 12 Pro 5G smartphone in India on April 12, 2022. The landing page of this phone is already live on the e-commerce site Amazon India. And this time before the expected launch, a well-known tipster Yogesh Brar has released some new information regarding the price of Xiaomi 12 Pro 5G in the Indian market. He also claimed that the company plans to launch Xiaomi 12X and Xiaomi 12X Pro smartphones in the country.
Xiaomi 12 Pro 5G Price in India
Xiaomi 12 Pro 5G Price: Tipster Yogesh Brar has claimed in a tweet that Xiaomi 12 Pro 5G will start at Rs 65,000 in India. Based on this information, this Xiaomi flagship smartphone can compete with premium handsets like Realme GT2 Pro, OnePlus 10 Pro, and Ico 9 Pro 5G, which are almost on par in the market. The device will have a 6.73-inch Full HD + LTPO AMOLED display with a 120 Hz refresh rate. This device will be powered by Qualcomm Snapdragon 8 Gen1 chipset. It will have a maximum of 12 GB LPDDR5 RAM and up to 256 GB UFS 3.1 storage.
Xiaomi 12 Pro 5G Features
For photography, the Xiaomi 12 Pro 5G Features a triple camera setup with a 50-megapixel primary sensor on the back panel and a 32-megapixel selfie camera on the front of the phone. For power backup, it will have a 4,600 mAh battery that supports 50-watt wireless charging and 120-watt wired charging.
On the other hand, last year Xiaomi launched Xiaomi 11X and Xiaomi 11X Pro smartphones in the Indian market. Based on a tweet from Yogesh Brar, Xiaomi 12X and Xiaomi 12X Pro smartphones will soon be launched in the market as successors to these two models. He revealed that the Xiaomi 12X will be powered by MediaTek Dimension 8100 chipset, while the Xiaomi 12X Pro Dimension will come with 9000 processors.
The Xiaomi 11X and Xiaomi 11X Pro models have rebranded versions of the Redmi K40 and Redmi K40 Pro + smartphones, respectively. And from the leaked information about the chipsets of Xiaomi 12X and 12X Pro, it can be speculated that these phones may be rebranded versions of Redmi K50 and Redmi K50 Pro launched in China last month.
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Windows Phone users who signed up for the BBM beta tester program can now download and install the app.
As the Australian Government releases a broadband speed tester allowing users to check download speeds, one expert doubts how effective such tools can be.
An online job ad from gaming-peripherals firm Razer seeks 30 testers for the company's products. What could they be?
The venerable product tester tries to create the definitive scientific phone-bending examination and cut through the noise of "Bendgate."
The application, available today in preview form, is the newest member of the Office family.
The LCD display for Apple's new 5.5-inch iPhone is the best performer ever tested by DisplayMate. Does that mean it's the best display on the market?
Christian Göllner, an XDA member and Android developer, has released an app that helps you find out what's taking up all of your space in Dropbox and Google Drive.
A new version of the official Facebook app is now in the testing pipeline, according to Microsoft officials -- as is Skype video messaging for Windows 7.
With the open beta upon us, here's a taste of what it's like to stream PlayStation games over the Net.
A specialized Fleshlight-holding iPad case makes it possible to get more intimate with your Apple tablet.